News
Insurers to cut down on direct marketing in Hong Kong
Following the introduction of the Personal Data (Privacy) Ordinance rule on 1 April, one Hong Kong insurance CEO believes insurers will cut down on direct marketing.
Bird flu spreads; cases rise to 60; 13 dead
The number of cases of bird flu continues to rise in China, but there is still no evidence of human to human transmission.
Thai premiums to grow strongly
The Thai General Insurance Association is predicting a robust second half for premiums in 2013.
Pacific Prime wins top broking award
Hong Kong based broker Pacific Prime has won the award for Bupa International’s top global distributor.
India's government wants monthly insurer reports
Monthly reports in India to show progress, hurdles and new measures at insurers.
XL hires construction underwriter from Zurich in Singapore
XL has appointed David Poh as construction underwriting manager, Asia.
Balva banned from writing UK business
The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.
Balva banned from writing UK business
The Solicitors Regulation Authority is writing to legal firms holding professional indemnity policies with Latvian insurer Balva after it was barred from writing new business in the UK.
Bluefin’s Sugden to take director chair at Sydney Packett
Bluefin’s managing director for business development Marshall Sugden is to join Sydney Packett & Sons, Post’s sister-title Insurance Age has revealed.
CDL recruits former Carole Nash IT boss
Insurance software house CDL has named former Carole Nash IT head Stuart Richie as its first compliance manager.
Biba hails improved insurance access for older customers
New figures show a steep rise in the use of signposting services used to refer customers when an insurer or broker can’t offer motor or travel cover due to the age of a customer.
FCA selects Premium Credit as instalments payments provider
Premium Credit has been awarded a three-year contract to provide the official solution for Financial Conduct Authority authorised firms to spread the costs of their regulatory fees across monthly instalments.
Insurance fraud up 7% in 2012
Insurance fraud increased by seven per cent last year, with 12 in every 10 000 applications and claims in 2012 found to be fraudulent, according to Experian.
Lack of confidence in financial institutions noted by EU watchdogs in joint report
The Joint Committee of the European Supervisory Authorities today published its first report on Risks and Vulnerabilities in the European Union’s Financial System.
Miller appoints O'Neil in Singapore client role
Specialist broker Miller Insurance has appointed Nick O'Neil in a new business development and client servicing role in Singapore in its Asian facultative reinsurance business.
Cyber risk is a "top concern" in Asia, says Marsh
A Marsh survey of insurance buyers at the Advisen Cyber Liability Insights conference in Singapore held on 9 April showed data privacy and cyber risk are a growing concern for businesses across the continent.
Manslaughter charges over Lamma Island ferry accident
The captains of the two vessels which collided off Lamma Island in Hong Kong on 1 October have been charged with manslaughter.
Indian regulator weary of fake insurers
The Insurance Regulatory and Development Authority in India has warned the general public to be careful of logistic services providers selling insurance illegally.
Taiwan warns citizens to delay trips to South Korea
Taiwan's foreign ministry has asked its citizens to delay trips to South Korea for business, holidays and education.
Andrew Jones appointed CEO of Thomas Miller for Asia-Pacific
Andrew Jones has been appointed CEO of Thomas Miller (Asia-Pacific) from the beginning of April.
Allianz & Covéa win RSA subrogation appeal decision
Allianz and Covéa have been handed the right to appeal last year’s High Court RSA subrogation verdict.
Croatia to invite bids for state-owned insurer
The Croatian government is gearing up to privatize the country's biggest insurance company and seventh biggest bank, according to reports.
Brokerslink launches employee benefits practice group
International broking network Brokerslink launched a a Global Employee Benefits Practice Group on Thursday.
MGAA begins chief exec hunt
Managing General Agents’ Association chairman Reg Brown is hoping to install a new, full-time chief executive at the industry body by February next year.